Ferencvaros, Hungary’s most successful club, is so deep in debt that it may be forced to shut down, Ferencvaros chairman Zsolt Damosy has revealed.
The club’s debts total 850 million forint and one of its former players has already initiated liquidation proceedings against the club, Damosy told the daily Magyar Hirlap.
“Every investor we’ve approached has turned us down… If we don’t find an appropriate investor in three to four weeks, Ferencvaros could disappear from Hungarian football,” Damosy told the newspaper.
Ferencvaros were relegated to the second division at the start of the season due to their financial problems and despite talk of fresh investment in the club, none has been forthcoming.
“Our players have not received money for several months and neither have our youth coaches… and I won’t make it a secret, the club has no money for (this liquidation) proceeding or to pay our obligation (to the league),” Damosy said.
“This club has never been so close to catastrophe. It’s like we’re sitting on a leaking bottle of gas that’s about to burst into flames,” Damosy said.
Ferencvaros have played in Hungary’s top division since 1901, winning 28 titles and 20 domestic cups.